Great investment property offering 35 acres with TREMENDOUS VIEWS of Lake Memphremagog! Lots of development potential, as it is zoned residential 1. Property includes an 1802 farmhouse that has been extensively renovated. The walls were stripped to the studs and new sheetrock was installed with glimpses of the original beams and brick chimney adding a touch of nostalgia. In addition, new windows, plumbing, electrical, and roof were installed, as well as laminate flooring on the 1st floor. The new floor plan features an open main living area with fresh white Shaker cabinets, island with seating, granite counters, farmhouse sink, and black stainless appliances in the kitchen. A walk-in pantry, laundry room, ¾ bath with oversized shower, and bedroom round out the first floor. At the top of the stairs is a loft that could be used as an office, 1-2 bedrooms, and a ¾ bath with a clawfoot tub. About 15 acres of the land is open, with some majestic maples at the front of the house. The land slopes, providing unobstructed views of the lake and surrounding mountains. There's also a 40x42' barn and a 36x32' garage/tool/storage building. Located a short distance from the hospital, schools, recreation path, and the many shopping and dining options in the Newport/Derby area. This combination of location and development potential doesn't come around often, don't miss this opportunity!